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Investment Highlights

  • Great Street Visibility at Signalized Corner
  • Traffic Count of ±29,196 Cars Per Day
  • Value-Add Upside to Market Rents
  • Building Signage Available
  • Approximately 97% Occupied
  • Zoned Office, Medical, Dental, Retail (verify)

Executive Summary

Lee & Associates Pasadena is pleased to present the opportunity to acquire the Barranca Place, a Class B, ±25,923 rentable square foot,mixed-use, multi-tenant commercial building located in Los Angeles County at 599 S. Barranca Avenue in the city of Covina, California. Situated on a prime signalized corner, Barranca Place offers excellent
street exposure with building signage facing Barranca Avenue and Rowland Street.
This property is unique in the area with a prominent rounded corner facade, four stories including a basement level and penthouse, both subterranean and surface parking, elevator service and multiple entrances. Pride of ownership shows at this well-maintained property with tile lobby, black awnings, striped parking and green landscaping.
At approximately 97% occupied to a diverse tenant base, the building delivers an in-place NOI of $462,764 at a 6.72% cap rate, with continued upside as remaining below-market and month-tomonth suites are brought to market. Flexible zoning allows for a range of office, medical and retail uses, broadening the pool of prospective tenants.
Located in the heart of Covina, over 29,196 cars pass daily at this busy intersection with easy access from the I-10 (San Bernardino) freeway. National retailers at Eastland Shopping Center, IKEA and Shoppers Lane are minutes away, Downtown Covina and City Hall are a short drive, and Emanate Inter-Community Hospital is 1.2 miles northwest.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
27,038 SF
Building Class
B
Year Built/Renovated
1964/2022
Price
$6,888,000
Price Per SF
$254.75
Cap Rate
6.72%
NOI
$462,874
Percent Leased
96%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
6,760 SF
Slab To Slab
10’
Building FAR
0.65
Lot Size
0.95 AC
Zoning
CP* - Professional office,medical and retail services.
Parking
28 Spaces (4 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Bus Line
  • Controlled Access
  • Property Manager on Site
  • Signage
  • Wheelchair Accessible
  • Secure Storage
  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Health Care and Social Assistance
  • -
  • -
  • -
  • -

All Care Therapies was established in 2011 and provides telehealth and in-person speech, occupational, and physical therapy services. The company uses a hybrid care model that includes teletherapy, clinics, and in-home services. All Care Therapies has expanded its services through strategic acquisitions, including Therapy Blocks in 2023. The company operates in multiple states and is headquartered in Woodland Hills, California. All Care Therapies aims to make therapy more accessible through technology and partnerships with healthcare providers.

  • Health Care and Social Assistance
  • -
  • -
  • Modified Gross
  • May 2025

Dieta Efectiva began in 2003 with a focus on weight management and natural wellness treatments. The company offers auricular therapy for weight loss, pain management, and stress support, along with herbal tinctures for issues such as digestion, hormone balance, and general detox support. Its services also include La Plancha body-sculpting treatments, facial care, and teeth whitening. The business blends traditional and modern methods centered on personalized treatment plans and natural approaches to health and appearance.

  • Information
  • -
  • -
  • -
  • -

Novus Health Systems was founded by professionals with experience in healthcare receivables and software development, and the company grew around Medi-Cal and Medicaid billing workflows for hospitals. The company provides back-end follow-up for aged receivables, front-end billing support, payer eligibility services, custom training, and data-processing tools built to reduce bad debt and improve cash flow. Novus Health Systems also offers BillPro-related automation for remittance posting, account follow-up, and other billing functions used by healthcare providers. The business remains centered on helping hospitals and other care facilities manage complex claims and receivables processes more efficiently.

  • Health Care and Social Assistance
  • -
  • -
  • -
  • -

Pacific Coast Counseling is a clinical social work practice in California that provides telehealth and in-person counseling for children, adolescents, and adults. The practice focuses on support for childhood trauma, grief, anxiety, depression, separation anxiety, inner child healing, life transitions, and related family or relationship concerns, while also offering help with coping skills and emotional healing.

  • Quién Sigue Barber Shop
  • Services
  • -
  • -
  • -
  • -

Quien Sigue Barber Shop began serving customers by 2019 and built its business around men's grooming services. The company focuses on haircuts, beard care, and facial services, and also offers grooming products alongside its barbering work. The business operates in Covina, California as a barber-focused service provider.

  • Sipra Sengupta & Katie
  • Health Care and Social Assistance
  • -
  • -
  • -
  • -

The office of Sipra Sengupta & Katie operates as a mental health services provider, categorized under counseling and psychotherapy services. Available business directories identify the practice as involved in general mental health care, serving a local client base for therapy and support.

  • Socal Esthetix
  • Services
  • -
  • -
  • Full Service
  • Jun 2025

Socal Esthetix is a beauty services business focused on hair removal and esthetic care. The company offers lashes, facials, brows, and waxing services through an appointment-based model designed around flexible scheduling. Socal Esthetix maintains a local presence in the Covina area and serves clients seeking personal grooming and skin-care services through a compact, specialty-focused format.

  • Administrative and Support Services
  • -
  • -
  • -
  • -

Express Employment Professionals began in 1983 as a staffing business and expanded through franchising in 1985. The company connects job seekers with full-time, part-time, temporary, and direct-hire roles while helping employers fill office services, light industrial, skilled trades, healthcare, and professional positions. Express Employment Professionals operates through locally owned franchise offices supported by shared international resources, and the brand has grown into a broad staffing network with a presence across the U.S. and several other countries. The company's market presence centers on employment placement, workforce solutions, and franchise-based staffing services for businesses and job seekers.

  • Services
  • -
  • -
  • -
  • -

Sweet Luxe Esthetics is a beauty services business in California that focuses on esthetics and personal care. The studio offers waxing, facials, makeup, lash services, and haircut services, providing a mix of skin care and cosmetic offerings. The business operates as an appointment-based salon built around beauty treatments and client consultations. The company maintains a Covina presence and serves a local service-oriented market.

  • Wheeler & Associates
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -

Wheeler & Associates has long operated as a tax-focused practice that serves individuals and small businesses with tax return preparation, bookkeeping, accounting services, and financial planning consulting. The firm has maintained a multi-decade presence, and its service mix also includes tax consulting and related financial support. Wheeler & Associates operates a professional services model built around personalized tax help, recordkeeping, and broader accounting guidance for clients with ongoing filing and planning needs.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Health Care and Social Assistance - - - -
Health Care and Social Assistance - - Modified Gross May 2025
Information - - - -
Health Care and Social Assistance - - - -
Quién Sigue Barber Shop Services - - - -
Sipra Sengupta & Katie Health Care and Social Assistance - - - -
Socal Esthetix Services - - Full Service Jun 2025
Administrative and Support Services - - - -
Services - - - -
Wheeler & Associates Professional, Scientific, and Technical Services - - - -
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
8445-024-046
Land Assessment
$1,591,812
Improvements Assessment
$3,024,442
Total Assessment
$4,616,254
  • Listing ID: 41246191

  • Date on Market: 7/10/2026

  • Last Updated:

  • Address: 599 S Barranca Ave, Covina, CA 91723

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